Press release
Light Commercial Vehicle Adhesives Market Accelerates with Lightweighting Demand and Structural Innovation
Light Commercial Vehicle Adhesives Market
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Rise in demand for lightweight & low-carbon emitting vehicle and technological advancements in adhesives from end-use industries drive the growth of the global market. However, instability in prices of raw materials is expected to hamper the growth of the market. On the contrary, increase in demand for low volatile organic compounds (VOCs) and green & sustainable adhesives provide lucrative opportunity for the market growth.
Key Market Players
3M,
Bostik S.A,
DOW Chemical,
Henkel & Co.,
Jowat AG.,
KGaA, H.B. Fuller,
PPG Industries,
Sika AG,
Illinois Tool Works Corp
The commercial industry increases the requirement for a lightweight & compact design to sustain the operating costs, increase the usability and meet consumer expectations. Furthermore, advancement in adhesives such as biomimetic adhesives allow automakers to bind raw materials such as carbon fiber, aluminum, & others, which offer cost saving and performance improvements. Thereby, advancements are required to avoid stress concentration to deliver a lightweight commercial vehicle. Therefore, the advancements in adhesives is expected to boost the growth of the light commercial vehicle adhesives market in the near future.
Low volatile organic compound (VOC) adhesives refer to the components which are not harmful to the environment & humans. Low VOC adhesives are used to bind laminates, soft foams, lightweight material, and others for the construction of light commercial vehicle. Adhesives such as silane modified polymer (SMP) is an advanced form of low VOC adhesive which is odorless and free of isocyanates. Therefore, increase in demand for low volatile organic compounds adhesives is anticipated to drive the growth of the light commercial vehicle adhesives market.
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By Resin Type
Polyurethane
Epoxy
Acrylics
Silicon
Silyl-Terminated Polethers (STP)
Polyamide
Others
By Technology
Hot Melt
Solvent-Based
Water-Based
Pressure Sensitive
Others
Key benefits of the report:
This study presents the analytical depiction of the light commercial vehicle adhesives industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the light commercial vehicle adhesives market.
The current market is quantitatively analyzed to highlight the light commercial vehicle adhesives market growth scenario.
We can also determine adhesives will remain a significant revenue shareholder in the global light commercial vehicle adhesives market through the predictable future.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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